High-end Timepiece Changed Hands for Multiple Thousands of Euros
In an exciting turn of events at a recent auction in Stuttgart, a rare Patek Philippe watch once owned by the legendary US actor Paul Newman was sold for a staggering 17.75 million dollars. This sale sets a new record for the auction house, surpassing a previous record of 260,000 euros set by another Patek Philippe watch.
The watch, a rose gold model from the Grandes Complications series, was estimated to be worth between 400,000 and 850,000 euros. The bidding battle was fierce, with a man from Frankfurt am Main emerging as the victor, present during the auction.
The watch, with its manual-winding movement consisting of 356 individual parts, has numerous functions and is known for its intricate design. Patek Philippe watches have a history of fetching high prices at auctions, and celebrity-owned watches often command significantly higher prices.
The watch previously belonged to an older gentleman from the Stuttgart area, who purchased it in 2006 from a watch shop in Zurich. This is not the first time a Patek Philippe watch from a celebrity collection has fetched a high price at auction. Last year, a watch from Sylvester Stallone's collection was sold for 5.4 million US dollars.
It is important to note that the data collected during the user's visit to the site may be stored or retrieved on the user's device and may be processed in countries outside the EU with a lower level of data protection. The user expressly consents to these actions by activating the content via "Accept and display". The consent is valid for the current visit to the site and can be withdrawn during it using the slider provided.
The sale was handled by the auction house Eppli. The watches in the Grandes Complications series were produced between 1993 and 2011, in a limited quantity of around 200 pieces. A video from Glomex could provide additional context to the article, offering a closer look at this historic watch.
In conclusion, the sale of Paul Newman's Patek Philippe watch marks a significant moment in the world of watch auctions. The watch's intricate design, coupled with its celebrity provenance, made it a highly sought-after item, ultimately fetching a record-breaking price.
